SUBSTRA ARCHITECTURES
ActiveSUBSTRA ARCHITECTURES has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €21k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 9388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+32
Solvency50▼-15
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.11 in 2024; short-term debt: 69.5% and cash: 54.1% of total assets), and 75.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.9%
Return on assets
21.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 9388 sector peers (2025).
NBB · sector comparisonPosition among 9388 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
17 d late
2024
21 d late
2023
145 d late
2022
30 d late
2021
5 d early
2020
23 d late
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 25.6%
2024 · €34k
2018: €12k
2019: €14k
2020: €7k
2021: €23k
2022: €29k
2023: €38k
2024: €34k
2018 → 2025
Total assets
€100k▲ 19.6%
2024 · €84k
2018: €17k
2019: €32k
2020: €36k
2021: €56k
2022: €88k
2023: €88k
2024: €84k
2018 → 2025
Net result
€21k
2024 · €-4k
2018: €2k
2019: €2k
2020: €-6k
2021: €15k
2022: €16k
2023: €9k
2024: €-4k
2018 → 2025
Working capital
€-3k
2024 · €4k
2018: €6k
2019: €12k
2020: €-5k
2021: €9k
2022: €833
2023: €1k
2024: €4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€29k▲ 26.7%€38k▲ 31.1%€34k▼ 10.9%€25k▼ 25.6%
Operating result€21k-€21k▼ 2.4%€13k▼ 37.1%€2k▼ 82.2%€30k▲ 1,193%
Net result€15k-€16k▲ 4.4%€9k▼ 44.2%€-4k€21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,193% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100k
Fixed assets
€33k▼ 25.9%
Current assets
€67k▲ 72.2%
Equity and liabilities €100k
Equity
€25k▼ 25.6%
Debt
€75k▲ 49.9%
The debt ratio rises from 59.9% to 75.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47k▲
2024 · €19k
Cash flow
€38k▲
2024 · €12k
Solvency
24.9%▼
2024 · 40.1%
Current ratio
0.96▼
2024 · 1.11
Quick ratio
0.96▼
2024 · 1.11
Debt / equity
3.02▲
2024 · 1.50
ROE
85.7%▲
2024 · -12.3%
ROA
21.3%▲
2024 · -4.9%
Interest coverage
34.38▲
2024 · 9.45
Debt
€75k▲
2024 · €50k
Debt ≤ 1 year
€70k▲
2024 · €35k
Debt > 1 year
€6k▼
2024 · €15k
Income taxes
€7k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€84k€100k▲
Fixed assets21/28€45k€33k▼
Tangible fixed assets22/27€45k€33k▼
Land and buildings22€570€370▼
Furniture and vehicles24€41k€30k▼
Leasing and similar rights25€3k€3k▼
Current assets29/58€39k€67k▲
Amounts receivable within one year40/41€25k€7k▼
Trade receivables40€25k€7k▼
Cash at bank and in hand54/58€11k€54k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€84k€100k▲
Equity10/15€34k€25k▼
Contributions10/11€6k€6k=
Reserves13€18k€18k=
Non-distributable reserves130/1€18k€18k=
Reserves not available under the articles1311€18k€18k=
Profit (loss) carried forward14€10k€910▼
Amounts payable17/49€50k€75k▲
Amounts payable after more than one year17€15k€6k▼
Financial debts170/4€15k€6k▼
Amounts payable within one year42/48€35k€70k▲
Current portion of amounts payable after more than one year42€10k€10k▼
Trade debts44€74€194▲
Suppliers440/4€74€194▲
Taxes, remuneration and social security45€25k€26k▲
Taxes450/3€22k€26k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48-€34k
Income statement
Code20242025
Remuneration, social security and pensions62€26-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€20k€48k▲
Operating profit (loss)9901€2k€30k▲
Financial income75/76B€4€85▲
Recurring financial income75€4€85▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Non-recurring financial charges66B€60-
Profit (loss) for the period before taxes9903€283€29k▲
Income taxes67/77€4k€7k▲
Profit (loss) for the period9904€-4k€21k▲
Profit (loss) for the period to be appropriated9905€-4k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€31k▲
Profit (loss) brought forward from the previous period14P€14k€10k▼
Profit to be distributed694/7-€30k
Return on contributions (dividend)694-€30k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 145 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet €-6k ▼389%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
23-12-2025
DE WISPELAERE Olivier Pierre Léon: Resigned as Director
23-12-2025
MANS Didier Christian Nicolas: Resigned as Director
23-12-2025
SCHRAYEN John Roger Marie Robert: Resigned as Director
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Quai Godefroid-Kurth 144020 LiègeGround area
88 m²
Building footprint
51 m²
Volume, LiDAR
641 m³
Parcel 62808A0858/00T000, Wallonia · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SUBSTRA ARCHITECTURES
since 20162.254.748.271
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62808A0858/00T000 | Wallonia | 88 m² | 1 · 51 m² | 15.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Ypsilon Architecten
BE 0788.966.623
Gent · Eq €25k
STUDIEAU ARCHITECTUUR
BE 0767.966.618
Genk · Eq €25k
Beyers Architecten
BE 0765.425.119
Antwerpen · Eq €25k
DUBIMAX ENGINEERING
BE 0894.322.875
Halen · Eq €25k
Jeroen De Pestel
BE 0775.731.170
Deinze · Eq €25k
Of 18,252 companies in sector 71111 we hold annual accounts for 6,319. 4,742 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-07-2016
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.